New Delhi: Tesla, an American company that makes electric cars, has invested heavily in cryptocurrency Bitcoin. It has also indicated that in the coming time, the customers of the company will be able to use Bitcoin for the payment of their cars and other products during the purchase. The company of billionaire entrepreneur Elon Musk has invested $ 1.5 billion in Bitcoin. Let me tell you that initially Musk, who had reservations about cryptocurrency bitcoin, recently said during an interview that I made a mistake. I should have already bought bitcoin.
14 percent rise in bitcoin
After Tesla’s investment, Bitcoin recorded a strong jump of over 14% on Monday. Let us know that Tesla gave the information of investment made last month, 10 days after Musk’s tweet, in which he had just written ‘#bitcoin’. On that day also, a sharp rise in bitcoin was recorded. Along with giving information about investing in Bitcoin, Tesla said that soon the company is planning to start taking payments through this cryptocurrency from those who buy their cars and other products. Only after this statement, a jump of 7 percent was recorded in this e-currency.
Tesla can continue long-term investment in bitcoin
Tesla, an e-car maker, said that the decision to invest money in Bitcoin has been taken under the big investment scheme. Through this, the company wants to earn more and more profit by putting its investment in different options. As such, the company can continue to invest in bitcoin for a longer period. Experts say that if retail and institutional investment continues next month, then bitcoin could reach $ 45,000 in March 2021. Let us know that this year, Bitcoin has registered a sharp jump of 50 percent so far. Last year, its price had increased by 300 percent.
Elon Musk’s tweet about companies getting angry
Elon Musk has tweeted about several companies and a cryptocurrency in the last few days through his tweet. The situation is such that the share price of the company that he praises in his tweet starts to increase simultaneously. At the same time, the price of a cryptocurrency was increased by 50 percent in a day due to his series of tweets.
